Barfresh Food Group (NASDAQ:BRFH) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Barfresh Food Group's share price recently surpassed its 200-day moving average, indicating potential upward momentum in the stock with a current price of $3.03.
• The company reported a loss of ($0.05) earnings per share in its latest quarterly earnings, matching analyst expectations, while also generating revenue of $2.93 million.
• Institutional investor HighTower Advisors LLC raised its position in Barfresh Food Group by 20.3%, demonstrating increased confidence in the company's prospects.

Barfresh Food Group Inc. (NASDAQ:BRFH - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.07 and traded as high as $3.15. Barfresh Food Group shares last traded at $3.03, with a volume of 3,489 shares.

Barfresh Food Group Trading Up 3.0%

The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. The company's fifty day moving average is $2.91 and its 200-day moving average is $3.08. The firm has a market capitalization of $49.73 million, a P/E ratio of -14.86 and a beta of 1.00.

Barfresh Food Group (NASDAQ:BRFH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $2.93 million during the quarter, compared to the consensus estimate of $2.81 million. Barfresh Food Group had a negative net margin of 29.00% and a negative return on equity of 194.66%. As a group, sell-side analysts anticipate that Barfresh Food Group Inc. will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC boosted its stake in shares of Barfresh Food Group Inc. (NASDAQ:BRFH - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,255 shares of the company's stock after purchasing an additional 26,316 shares during the quarter. HighTower Advisors LLC owned 0.98% of Barfresh Food Group worth $477,000 at the end of the most recent quarter. Institutional investors own 22.66% of the company's stock.

About Barfresh Food Group

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.